Estee Lauder Companies Inc (EL) Updates FY15 Earnings Guidance
Estee Lauder Companies Inc (NYSE:EL) updated its FY15 earnings guidance on Saturday. The company provided earnings per share guidance of $3.10-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.17, AnalystRatings.NET reports. The company issued revenue guidance of +1-2% to ~$10.8-10.9 billion, compared to the consensus revenue estimate of $11.39 billion.Estee Lauder Companies also updated its Q1 guidance to $0.72-0.76 EPS.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Estee Lauder Companies from $80.00 to $85.00 in a research note on Monday, July 28th. They now have a buy rating on the stock. On a related note, analysts at Argus initiated coverage on shares of Estee Lauder Companies in a research note on Thursday, July 17th. They set a buy rating and a $88.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an outperform rating on shares of Estee Lauder Companies in a research note on Wednesday, July 9th. They now have a $84.00 price target on the stock, up previously from $82.00. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $83.17.
Shares of Estee Lauder Companies Inc (NYSE:EL) traded up 0.34% during mid-day trading on Friday, hitting $76.16. The stock had a trading volume of 3,093,686 shares. Estee Lauder Companies Inc has a 52-week low of $63.63 and a 52-week high of $77.34. The stock has a 50-day moving average of $74.84 and a 200-day moving average of $72.17. The company has a market cap of $29.154 billion and a price-to-earnings ratio of 28.87.
Estee Lauder Companies (NYSE:EL) last released its earnings data on Friday, August 15th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.10. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company posted $0.24 earnings per share. Estee Lauder Companies’s revenue was up 13.2% compared to the same quarter last year. Analysts expect that Estee Lauder Companies Inc will post $3.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 27th.
The Estee Lauder Companies Inc is a manufacturer and marketer of skin care, makeup, fragrance and hair care products.
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